T&E Tools Can Help as ESG Regulations Ramp Up
This SAP Concur blog post discusses the compliance challenges companies face as ESG regulations, such as SEC rules, are set to take effect. It cites surveys showing many organizations are not ready, but next-generation travel and expense (T&E) technology can help collect and interpret data, driving sustainable practices. A case study shows PwC Italia reduced CO2 emissions by 53% using SAP Concur solutions.
Impact and considerations
For corporate finance and sustainability leaders, understanding ESG regulatory trends and the role of T&E tools helps in preparing compliance strategies and avoiding fines.
Key points
- New ESG regulations, such as SEC rules, take effect in 2024, with non-compliance potentially resulting in fines.
- Less than half of professionals (45.7%) are confident in meeting new requirements.
- T&E technology can help companies collect and interpret ESG data.
- PwC Italia reduced CO2 emissions by 53% using SAP Concur.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 15 Nov 2023, 17:50
- Page published
- 14 Aug 2026, 08:18
- Last updated
- 15 Nov 2023, 17:50
- Original links
- SAP Concur Blog：T&E Tools Can Help as ESG Regulations Ramp Up (opens in a new tab)Primary source · en · Published 15 Nov 2023, 17:50